Ayr Strategies Generates $8.7M From Q2 Operations, Buys Pennsylvania Assets

Cannabis company Ayr Strategies Inc. (CSE: AYR.A) (OTCQX: AYRSFrevealed Wednesday its second-quarter revenue amounted to 28.3 million, down by 16% compared to the previous quarter.

The company, which began transitioning to a delivery model in Nevada in March, boasted its best performance in July, which brought revenues of $15.1 million.

“We achieved monthly records for revenue, adjusted EBITDA and operating income in July, and we are currently operating at an exceptional $181 million and $77 million annual run rate for revenue and adjusted EBITDA, respectively,” explained Ayr CEO Jon Sandelman.

Earnings Breakdown

The Toronto-based company posted an operating income of $1 million during …

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